A 2020 Bitcoin Trading Security Guide

In the era of the rapid rise of digital currencies, Bitcoin, as one of the best, has attracted the attention of countless investors. However, with the popularity of Bitcoin, the issue of transaction security has become increasingly prominent. Especially in 2020, facing the complex and changing market environment, investors urgently need to find a safe and reliable trading platform to protect the safety of their assets. So, where is it safe to buy and sell Bitcoin in 2020? This article will explore this issue in depth from multiple angles to help readers find the most suitable trading method.

First of all, choosing the right trading platform is the first step to ensure the security of Bitcoin transactions. There are many trading platforms on the market, but not every platform is trustworthy. According to relevant data, there are more than 200 Bitcoin trading platforms worldwide in 2020. The security, legality and user experience of these platforms vary, so it is crucial to choose a reputable platform. For example, Coinbase and Binance are currently two of the most popular trading platforms. The former is known for its user-friendly interface and high security, while the latter is favored for its rich trading pairs and low transaction fees. By comparing and analyzing these platforms, investors can better choose the trading channel that suits them.

Of course, in addition to choosing a platform, understanding the platform's security mechanism is also an important part of ensuring transaction security. Many well-known trading platforms have taken multiple security measures to protect users' assets. For example, Coinbase uses cold storage technology to store most of the user's assets in an offline environment to prevent hacker attacks. In addition, the platform also provides a two-factor authentication function, where users need to enter a password and a dynamic verification code when logging in, which greatly improves account security. Therefore, when choosing a trading platform, investors should carefully review the platform's security policy to ensure that it has sufficient security protection measures.

Furthermore, the user's own security awareness should not be ignored. Even if a safe platform is selected, improper operation by the user may lead to asset loss. For example, many users are accustomed to using simple and easy-to-remember combinations when setting passwords, which undoubtedly provides opportunities for hackers. Therefore, when creating an account, investors are advised to use complex passwords and change them regularly. In addition, avoid trading in a public network environment and try to use a secure private network to prevent information leakage.

During the transaction process, understanding market dynamics and price fluctuations is also an important factor in ensuring transaction security. Bitcoin prices fluctuate violently, and investors need to pay attention to market changes at all times to avoid asset losses due to blindly following the trend. At the beginning of 2020, the price of Bitcoin once exceeded $10,000. However, under the influence of the epidemic, the price fell again. If investors fail to stop losses in time, they may face greater losses. Therefore, it is recommended that investors conduct market research and formulate reasonable trading strategies before trading to reduce risks.

In addition to the above-mentioned trading platform selection, security mechanisms, user security awareness and market dynamics, investors should also pay attention to changes in laws and regulations. The regulatory policies for digital currencies are constantly evolving, especially in 2020, when governments around the world have stepped up their supervision of Bitcoin, and some countries have even taken measures to ban transactions. Therefore, when investors conduct Bitcoin transactions, they should understand the relevant laws and regulations of their country and ensure that their transactions are legal and compliant, so as to avoid legal risks due to illegal transactions.

In addition, choosing the right trading method is also an important part of ensuring trading security. There are two main ways to trade Bitcoin: spot trading and contract trading. Spot trading refers to the direct purchase and sale of Bitcoin, while contract trading is speculation through leverage. Spot trading is relatively simple and suitable for beginners, while contract trading is riskier and suitable for experienced investors. Therefore, it is recommended that novice investors choose spot trading in the introductory stage and consider contract trading after accumulating some experience.

It is also important to keep a calm mind during the trading process. The Bitcoin market fluctuates violently, and investors are prone to make wrong decisions due to panic or greed. In March 2020, when the price of Bitcoin plummeted to $4,000, many investors sold it, resulting in greater losses. Rational investors choose to increase their positions at low levels and realize profits after the market recovers. Therefore, only by keeping calm and rationally analyzing market changes can you remain invincible in the fierce market competition.

Finally, investors should also conduct asset evaluations regularly and adjust their investment portfolios in a timely manner. As the market environment changes, investors' risk tolerance and investment goals may also change. Therefore, regular asset evaluations can help identify problems and make adjustments in a timely manner. For example, if the risk of an asset is too high, investors can consider reducing their positions or switching to other assets with greater potential to reduce overall risk.

In summary, the issue of Bitcoin transaction security in 2020 needs to take into account multiple factors, including choosing a suitable trading platform, security mechanism, user security awareness, market dynamics, laws and regulations, trading methods, mentality management, and asset evaluation. Only on the basis of a comprehensive understanding and mastery of these factors can investors achieve safe and stable returns in Bitcoin transactions. In the wave of digital currency, only by staying alert and learning can we be invincible in this change. I hope that every investor can find his or her own safe haven in the world of Bitcoin and steadily realize wealth appreciation.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Recently, an exchange began to frequently experience data disorder, suspected to have problems with the app. The exchange then issued an announcement saying that the problem was caused by the upgrade and expansion, and it is expected to return to normal in 2 days. However, people with experience in this situation know that it is basically to prepare for the aftermath of the runaway. It is precisely because such situations happen from time to time that it has become difficult for investors to buy and sell Bitcoin safely. So, where is it safe to buy and sell Bitcoin in 2020? The following editor of the currency circle will tell you where is it safe to buy and sell Bitcoin in 2020?
 Where is it safe to buy and sell Bitcoin in 2020?
The editor of the currency circle tells you that generally speaking, the safest way to buy Bitcoin is to find a formal platform. With a formal platform as the middleman, the probability of investors being deceived and losing all their money will be reduced to a minimum.
 Check out the safest exchanges for buying and selling Bitcoin in 2020:
1. OKX
OKX() has assets of US$35.3506 million, a total of 658 trading pairs, and a 24-hour trading volume of US$7.202 billion.
OKX is one of the world's most famous digital asset trading platforms. It mainly provides currency-to-currency and derivative trading services for digital assets such as Bitcoin, Litecoin, and Ethereum to global users. Its rich variety of digital assets, global trading services and multiple trading methods make it highly competitive in the market. As an old exchange established in 2017, it occupies an unshakable position in the currency circle.
2.
The network () has assets of US$3.981 billion, a total of 893 trading pairs, and a 24-hour trading volume of US$14.959 billion.
Binance is a blockchain asset trading platform created by a group of digital asset enthusiasts led by former OKCoin co-founder Changpeng Zhao (CZ). Founder Zhao Changpeng had constant disputes with his former employer Okcoin, and was not very optimistic at first, but later found that the platform's performance was quite impressive.
3. Gemini
Gemini has assets of US$589 million, a total of 6 trading pairs, and a 24-hour turnover of US$28.9396 million.
Gemini is an international Bitcoin and Ethereum site founded by the Winklevoss brothers. It is a digital currency financial investment platform and custodian that allows customers to invest and store digital assets and is directly regulated by the New York State Department of Financial Services (NYDFS).
Headquartered in New York, Gemini currently only supports investments in BTC, ETH, and Zcash, and only operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore.
4. BitFlyer
BitFlyer has assets of US$1.555 billion, a total of 4 trading pairs, and a 24-hour trading volume of US$74.2085 million.
BitFlyer was founded in 2014 and is headquartered in Japan. Its Bitcoin trading volume ranks first in Japan.
Bitflyer was founded by former Goldman Sachs employees with the intention of filling the gap in the Japanese Bitcoin trading market after the collapse of MtGox. It has received two rounds of financing so far, with investors including Mitsubishi UFJ Capital Co., Ltd. (
Mitsubishi UFJ Capital Co., Ltd., Dentsu Digital Holdings, a venture capital company under the Dentsu Group of Japan
Holdings, Inc.), etc.
5. K-net
K.net has assets of US$2.125 billion, a total of 129 trading pairs, and a 24-hour trading volume of US$224 million.
Founded in 2011, San Francisco-based Kraken is the largest Bitcoin exchange in Euros, and can also be traded in Canadian dollars, US dollars, British pounds and Japanese yen. Kraken has been rated as the best and most secure Bitcoin exchange by independent news media. Kraken is the first Bitcoin exchange to display transaction prices and volumes on the Bloomberg terminal, the first to pass a cryptographically verified foreign exchange reserve audit, and is a partner of the first cryptocurrency bank.
6. Network
Huobi has assets of US$4.161 billion, a total of 875 trading pairs, and a 24-hour trading volume of US$17.826 billion.
Justin Sun, a member of Huobi HTX Global Advisory Committee, made a major announcement: Huobi's international brand has been officially upgraded to HTX. The renaming of Huobi HTX represents the transformation to globalization. Huobi HTX will take "building a metaverse financial free port" as its new mission and start the strategic layout of "global expansion, ecological prosperity, wealth effect, safety and compliance" under the vision of "enabling 8 billion people in the world to achieve financial freedom". These changes will ensure that Huobi HTX continues to occupy a dominant position in the new market landscape.
7. ZBG
ZBG has assets of $105 million, a total of 80 trading pairs, and a 24-hour trading volume of $804 million.
ZBG.com was founded in Hong Kong in 2018. With its innovative, efficient and global operations, ZBG quickly ranked among the top ten in the industry in the world in a short period of time and was hailed as a new first-tier international station.
Currently, the platform supports access in seven languages, provides services to 1.8 million crypto asset investors worldwide, and has an average daily active user base of over 120,000. In the future, ZBG will continue to expand its global market and provide stable, secure, and fast blockchain project listing, crypto asset investment and other services to blockchain enthusiasts around the world.
8. KuCoin
KuCoin has assets of US$18.5676 million, a total of 301 trading pairs, and a 24-hour trading volume of US$123 million.
KuCoin is a world-renowned digital currency trading service platform that supports multiple digital asset transactions. Founded in September 2017, KuCoin has grown into one of the most popular digital currency trading service platforms, currently providing one-stop services such as currency-to-currency, fiat currency, contracts, Pool-X, and lending to 5 million users in 207 countries and regions around the world. Known as the "trading service platform for all people", KuCoin operates in Seychelles and provides users with a multi-lingual, 24/7 customer service team. At the same time, KuCoin has established localized communities in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India and other places to provide the most localized services to users in various places. In November 2018, KuCoin received a US$20 million Series A financing from IDG Capital and Matrix Partners.
9. Poloniex
Poloniex has assets of $115 million, a total of 173 trading pairs, and a 24-hour trading volume of $35.6298 million.
Founded in 2014, Poloniex, commonly known as P-net, is one of the world's leading international cryptocurrency exchanges. The Poloniex platform provides a variety of altcoin services.
Poloniex has seen very rapid growth in investment volume since the disappearance of its competitor Cryptsy in 2016, especially after the altcoin bubble in early 2017, with visits increasing from 7 million per month in February 2017 to 30 million per month in May.
Poloniex has a friendly mobile and computer service interface. This is because it is a purely digital currency international station and cannot use legal currency.
10. Open Sesame
Gate.io has an asset strength of US$1.175 billion, a total of 3,049 trading pairs, and a 24-hour trading volume of US$3.858 billion.
Gate.io is a global blockchain asset international station that has provided nearly 500 kinds of high-quality blockchain asset trading and investment services to millions of users from more than 224 countries around the world. It is a relatively reliable trading platform in terms of liquidity and security. Founded in 2013, it is the world's top 10 digital asset trading platform in terms of trading volume.
Through the above introduction, I believe everyone has already understood the question of where to buy and sell Bitcoin safely in 2020. The editor of Coin Circle kindly reminds investors that the security of an exchange is very important. This may lead to investors making a lot of money in the digital currency market, but still losing all their money. Such a situation may occur because the exchange has run away. Therefore, when investors choose an exchange, they must ensure the security of the exchange. If you want to know more about this, you can pay attention to Coin Circle. The editor of Coin Circle will continue to update relevant reports later!